Category: <span>Financial Analysis</span>

ContextVision (CONTX)

In this financial analysis report, analysts Philip Höglund and Caroline Danielsson take a closer look at ContextVision, the world-leading medical imaging company and the sole independent image analysis and enhancement software supplier. Following a spin-off of the Company’s cost burden division within digital pathology last year, thus the Analysts believe that the market seems to miss ContextVision’s highly profitable core business in medical imaging.In this financial analysis report, analysts Philip Höglund and Caroline Danielsson take a closer look at ContextVision, the world-leading medical imaging company and the sole independent image analysis and enhancement software supplier. Following a spin-off of the Company’s cost burden division within digital pathology last year, thus the Analysts believe that the market seems to miss ContextVision’s highly profitable core business in medical imaging.

Odfjell Technology (OTL)

In this financial analysis report analysts Gustav Hilmersson and Anton Saleem Almgren take a closer look at Odfjell Technology, a well-established player in the oil and gas energy industry that provides a wide range of services of oil platforms, including well services, drilling operations and projects & engineering. The analysts estimate a 2023-2027E CAGR of 15.7% and an EBIT margin expansion from 8.0% to 11.4% in 2024E, stemming from expected increases in crude oil prices.

Nordic Paper (NPAPER)

In this financial analysis report analysts Axel Belin and Saadat Mozaffari take a closer look at Nordic Paper, a paper company that offer specialty paper in the A- quality segment globally. The Company’s independent production creates strong pricing power and has allowed Nordic Paper to increase prices with 5.5% p.a., while maintaining an EBITDA margin of 7.2% between 2019A-2022A.

Musti Group (MUSTI)

In this financial analysis report analysts Oscar Fredell and Emilian Rehnström take a closer look at Musti Group, a premier pet specialist in pet food and pet accessories and is the Nordic leader within pet food and pet accessory retail, owning companies such as Arken Zoo, Vet Zoo, and Djurmagazinet.

Admicom (ADMCM)

In this financial analysis report, analysts Filip Ledin Nilsson and Jaqueline Westerlund take a closer look at Admicom, the market-leading SaaS provider company serving the Finnish construction industry. With a 9.0% market share and planned international expansion, there is room for penetrating the EUR 323m market in Finland and selected overseas markets that are up to 10.0x the size of the Finnish market.

Academedia (ACAD)

In this financial analysis report, analysts Felix Johansson and Keller Edstrand take a closer look at the Swedish education company Academedia. Academedia is set to benefit from various macro trends in the upcoming three years which, according to the analysts, motivates a revenue CAGR of 15.7% between 2022-2025E.

GARO Group (GARO)

In this financial report, analysts Elias Borg and Benjamin Holmén take a closer look at GARO Group (GARO), the Swedish developer and manufacturer of electrical installation components and electric vehicle chargers. The analysts expect revenue growth of 46% between 2021A-2023E. This is driven by underappreciated synergies, substantial market growth and a strong brand. Based on a peer and historical analysis, equally weighted, a target EV/EBIT of 26x is justified – implying a price per share of SEK 138.6, and a potential upside of 24.4% by 2023E.

NOTE AB (NOTE)

In this financial analysis report, analysts Lukas Forsman and Sofia Nordfjell take a closer look at the Swedish contract manufacturer NOTE. The analysts estimate a revenue CAGR of 19.6% between 2021A-2025E as a result of strong underlying market growth